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S&P, BofA and Fitch all concur that the 'Home Equity Implosion' is knocking on, or kicking down rather, the front door.
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On May 30, 2008 Obama chief strategist David Axelrod claimed Obama "never disputed" that the surge would reduce violence in Iraq. But in January 2007, when the surge was announced, Obama said no amount of troops would reduce violence and no "expert on the region" or "military officer" disagreed.
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Hurricane Ivan had the biggest storm surge sense Hurricane Opal (1995). At that time this was the real thing. 20-25ft waves slamming into the City Pier. For all the locals this was at the same time that Thomas Drive got the EF-2 tornado.